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Azerbaijan Prepares Proposals on Improvement of Business Environment

The Azerbaijani Ministry of Economy and Industry has prepared a package of proposals in connection with the execution of the presidential decree "On additional measures for the development of entrepreneurship," dated March 3, 2014.

Preparation of a package of proposals was made with the most advanced and progressive experience as a basis, and will be submitted to the relevant authorities in the near future.

In accordance with the decree, electronic registration of individuals engaged in entrepreneurial activities will be included in proposal. Proposal will also cover the simplification of procedures and shortening the issuance of construction permits, arrangement for electronic acceptance of documents, reduction of time, costs and procedures in this area, improvement of institutions that affect the loan issuance process, reduce the number of documents, time, and cost in import-export operations.

"The presidential decree is a road map for the implementation of important measures on the improvement of the business environment and its improvement on the basis of the foremost experience and opportunity for business development in the coming years," Minister Shahin Mustafayev said.

“In the field of business registration and protection of investors we have studied the experience of New Zealand; in obtaining construction permits - Hong Kong, connection to electricity networks - Iceland, the state registration of property rights - Georgia, loan issuance - Malaysia, import-export operation - Singapore, liquidation of enterprises – Japan,” Minister said.

Source: Trend.Az 

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